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Quotesmith.com Reports 12,000 Insurance Quotes in a Single Day

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 9/9/1999


Quotesmith.com Reports 12,000 Insurance Quotes in a Single Day

 

DARIEN, Ill., Sept. 9 /PRNewswire/ -- Quotesmith.com, Inc. (Nasdaq: QUOT), an Internet-based provider of instant insurance quotes from over 300 insurance companies, announced that its Web site processed over 12,000 quotes yesterday, setting a new daily record of completed quotes and marking the first time that the quote volume has exceeded 12,000 quotes in a single day.

"This 12,000-quote milestone, the first such day in our history, seems to validate our business proposition that Americans want instant insurance quotes combined with the freedom to buy insurance from the company of their choice without having to deal with commissioned salespeople. Our unique service allows insurance shoppers and business owners to discover a new, better and more efficient way to buy insurance. We're delighted to see the market's enthusiasm for our buyer-focused insurance price comparison service. Insurance shoppers like being able to get instant quotes from over 300 insurance companies in the privacy of their home and office,'' remarked Quotesmith.com President and founder Robert Bland.

About Quotesmith.com

Founded in 1984, Quotesmith.com operates an Internet-based insurance price comparison service which provides instant auto, motorcycle, life, individual & family medical, group medical, dental, Medicare supplement and annuity insurance quotes from more than 300 companies and allows visitors to purchase insurance from the company of their choice.

This announcement contains forward-looking statements that involve risks, assumptions and uncertainties. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. The Company will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's limited e-commerce operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect the company's financial results is included in the company's final prospectus dated August 3, 1999, as filed with the United States Securities and Exchange Commission.

This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of Quotesmith.com, Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions to Quotesmith.com based upon premium volume. Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners. South Dakota agent #333509159, California agent #0827712, #OA13858. CA & UT dba Quotesmith.com Insurance Services. UT #90093. Copyright 1999. All rights reserverd. Quotesmith.com, Inc.

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